Russia

Carlsberg To Sell Russian Brewery Holdings To Employees

Carlsberg’s Russian assets have been removed from a list of western assets under the management of the Russian state, a decree has shown.

Unilever has sold its Russian business to Arnest Group, it said on Thursday, following a “complex” sales process.

Irish business confidence in output growth remains stronger than global average, according to the S&P Global Ireland survey for June.

Carlsberg sold more of its premium beer brands and saw price increases across all its main markets during the first quarter.

Nestlé has reported fill-year organic sales growth below expectations as the company continued to hike prices.

JDE Peet’s reported an organic rise in 2023 operating profit on Wednesday, after analysts had forecast a decline.

Danone is planning to sell its Russian business to a Chechnya-linked businessman, the Financial Times reported today.

Mondelez put new management in place at its profitable Russian business this week, internal memos seen by Reuters show.

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